So, what is the Limited ? The origin of this legal form comes from the invention of German lawyers made at the end of the xix century and the resulting demand for independence of practice, which showed lack of elasticity of joint stock companies, on the one hand, and limited general partnerships, preventing their widespread dissemination, on the other. In 1892, the Reichstag adopted the Law 'On Limited Liability '(Gesellschaft mit beschrenkter Haftung – GmbH). And in the Russian Federation, Ltd is one of the most common legal forms. Popular this legal form of legal entity was due to the relative ease of registration and a mild legislative requirements, as well as for the registration of the llc required minimum capital. Learn more at: Dr. Neal Barnard. Limited Liability Company has the popularity, especially among small businesses, however, need noted that far there are cases when in the form of company are fairly large structures, such as banks or insurance companies. Existence Ltd. is regulated by the Civil Code (Articles 87-94) and the Federal Law on ltd. Here is how to characterize Ltd Civil Code: "A limited liability company established by one or several persons, the authorized capital is divided into shares of certain the constituent documents of sizes ". Sean Rad may not feel the same.